Monex Eyes Yen Stablecoin Amid Japan’s Digital Finance Push

- Japan-based Monex Group plans to launch a yen-pegged stablecoin. - The stablecoin aims to improve international corporate settlements and remittances. On August 26, 2025, TV Tokyo reported that Japan’s financial services firm Monex Group plans to explore a yen-pegged stablecoin. This initiative aims to sustain its competitive edge in the digital finance sector, and the company will back the stablecoin with secure assets, such as Japanese government bonds, to ensure a one-to-one redemption ratio with the yen. Monex will use its existing digital infrastructure, including its domestic cryptocurrency exchange, Coincheck, and its securities brokerage services, to improve international corporate settlements and remittance processes. This effort aligns with the company's broader goal to expand its global financial presence as competition in the digital currency space intensifies. Alongside its stablecoin initiative, Monex Group Chairman Oki Matsumoto revealed that the firm is finalizing negotiations to acquire crypto-related companies in Europe. This strategic move underscores Monex’s commitment to global expansion, while the recent Nasdaq debut of Coincheck’s parent company, Coincheck Group, complements this strategy and marks a pivotal milestone in Monex’s international growth. Japan's evolving regulatory landscape is paving the way for stablecoin adoption, creating a favorable environment for Monex’s plans. This fall, the Financial Services Agency (FSA) is expected to authorize the issuance of yen-denominated stablecoins, a move that follows eased regulations from earlier this year permitting the use of Circle’s USD Coin (USDC) in Japan. Meanwhile, other local firms, like JPYC, are also preparing to release yen-backed stablecoins, solidifying Japan’s ambitions to lead in digital asset innovation.